More than 95 per cent of owners of flats at the Pinnacle@Duxton have taken possession of their property. This was revealed on Sunday at the Tanjong Pagar constituency's National Day Celebrations Dinner by the Chairman of the event, Ho Nai Chuen. Mr Ho said that of these, about 70 to 80 per cent of the owners have moved in. He noted that the public housing project was recently named the best tall...
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Government to ramp up flat supply for middle-income home buyers The executive condominium (EC) market looks set to stir when new projects are launched over the next three to six months. According to property consultancy CB Richard Ellis, ECs are making a comeback after a hiatus of five years as the Government steps in to ramp up flat supply for middle-income home buyers. Four new EC projects in...
The Executive Condominium (EC) market looks set to stir when new projects are launched over the next three to six months. According to property consultancy CB Richard Ellis (CBRE), Executive Condos are making a comeback after a hiatus of five years as the government steps in to ramp up the supply of flats for middle-income home buyers. Four new EC projects in Compassvale Bow, Punggol Field, Buangkok and...
Despite Singapore's property market seeing a boom, the Housing and Development Board (HDB) has received no bids at the close of the tender for a residential site at Jurong West Street 42 on Thursday. The land parcel has a land area of over 16,800 square metres and a maximum gross floor area of about 50,445 square metres. The site is slated for Executive Condominium housing and has a lease period of 99...
Targeting older flats and those in less popular areas can mean paying well below the high cash-over-valuation prices When homebuyer Ng Hui Hui and her husband, Mr Edwin Soon, read newspaper reports of how median cash-over-valuation (COV) prices hit a high of $30,000 recently, they heaved a sigh of relief. This may seem a surprise, given that having to fork out a higher cash premium to snare that...
Property watchers believe a higher supply of new Build-To-Order flats for 2011 will help to take some heat off the resale market where prices have been hitting record highs. Minister for National Development Mah Bow Tan said the Housing & Development Board is prepared to launch 16,000 new flats next year. They believe that this will allay concerns that prices are climbing too fast. And they hope...
First-time home buyers can look forward to at least 16,000 new Build-To-Order (BTO) flats next year, should demand continue to be strong. The National Development Minister gave this assurance while speaking to reporters after his ministry's National Day Observance Ceremony Friday morning. Even while recognising the work of the various agencies under the umbrella of the National Development Ministry,...
The Housing Development Board (HDB) has awarded the tender for the site at the junction of Tampines Avenue 5 and Tampines Central 8 to Sim Lian Land. The property developer submitted the highest bid at some S$178 million. This translates to about S$253 per square foot. The 32,000 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched in June...
The Housing and Development Board (HDB) is launching three residential sites at Hougang, Punggol and Pasir Ris for sale on Thursday. The three sites at Hougang Avenue 7, Punggol Drive/Punggol East and Pasir Ris Drive 3/Pasir Ris Drive 4 can potentially yield about 1,260 dwelling units, of which about 485 are Executive Condominium (EC) units. HDB said these sites will provide home buyers with more housing...
The Housing Development Board (HDB) has received five bids for the sale of a site at the junction of Tampines Avenue 5 and Tampines Central 8. The 32,000 square metre site is designated for public housing under the Design, Build and Sell Scheme, also known as DBSS. It was launched in June and the tender closed at noon on Tuesday. The top bid came from Sim Lian Land, which bid S$178 million for the site....